LEG
Leggett & Platt, Incorporated
Is LEG Halal?
Engineered components for bedding, furniture and industry — a permissible manufacturing business whose current debt/assets screen fails.
What You Should Know
Leggett & Platt manufactures engineered bedding, furniture, automotive and industrial components. Its March 31, 2026 Form 10-Q reports assets of $3,519.1 million, debt and operating leases of $1,646.3 million, cash of $510.5 million, receivables of $520.2 million and quarterly revenue of $918.2 million. Debt/assets is 46.78%, liquidity/assets is 14.51% and receivables plus cash/assets is 29.29%; the asset-based debt screen fails. The filing reports $1.9 million of interest income, approximately 0.21% of quarterly revenue, while no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known debt/assets is 46.78%, above examined 33.333% limits
- •Disclosed interest income is 0.21% of quarterly revenue; no fixed purification percentage asserted
- •Bedding, automotive and industrial end uses require qualitative review
- •Restructuring, debt and lease obligations require continuing review
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,498.2 / 3,519.1
510.5 / 3,519.1
1,030.7 / 3,519.1
1.9 / 918.2
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.57%, above the examined 33.333% limit; liquidity/assets is 14.51%, receivables-plus-cash/assets is 29.29% and disclosed interest income is 0.21%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.57%, above the examined MSCI 33.33% limit; liquidity/assets and receivables-plus-cash/assets remain below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.57%, above the examined Malaysia limit; liquidity/assets is 14.51%. This is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; asset-based debt screening already fails.
Business-activity disclosure
Leggett & Platt manufactures engineered bedding, furniture, automotive and industrial components. The core manufacturing activity is generally permissible, while downstream end-use allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator across product and customer categories.
Purification
The filing discloses $1.9 million of interest income, but no scholar-specific purification instruction or universal prohibited-revenue numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Leggett & Platt's March 31, 2026 Form 10-Q for the three months ended that date.
- Interest-bearing debt is $1,496.6 million long-term debt plus $1.6 million current debt; operating lease liabilities are excluded.
- Cash is $510.5 million; receivables combine $487.1 million trade receivables and $33.1 million other receivables.
- The filing discloses $1.9 million of interest income, approximately 0.21% of quarterly revenue.
- Engineered bedding, furniture, automotive and industrial components are generally permissible, but no universal prohibited-revenue numerator is asserted.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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